5 ms·
It's an exploit no matter how you look at it.
by onepointsixC 4y ago
It's an exploit no matter how you look at it.
- postalrat 4y agoWould it be an exploit if I discover the math to move all bitcoin in existence to whatever address I want then do so?
- deleted 4y ago[deleted]
- grumple 4y agoUh... yes? Are you seriously trying to imply that would be legal? If someone ever cracks modern encryption, that doesn't mean they can do whatever they want with everyone's accounts everywhere. If you find an exploit and exploit it, that's illegal.
- postalrat 4y agoWhat doesn't owning bitcoin really mean? If I had the math to generate keys why wouldn't I also be considered an owner?
- grumple 4y agoIf you copy my signature does that mean you can sign my checks?
- t0mas88 4y agoNo, but that's not the same. Signatures and checks are covered by terms & conditions (and law) that you must follow. A better anology is if you figure out a mathematical advantage within the rules of a casino game, are you allowed to win? I believe you are, as long as it's within the rules of the game. And the casinos are smart enough to create rules against any lasting mathematical advantage.
- grumple 4y agoI know how to pick locks. The locks are designed to open when pins are raised by a certain amount. Doesn't mean I have a right to anything I can unlock. The intention of the system is to work to as security. Just because you find a way around the security doesn't mean that you are now immune to the law regarding ownership. When SHAX gets cracked, that doesn't give the person figuring it out a right to transfer all the money out of your bank account just because they figured out the math.
- postalrat 4y agoIf private keys are proof of ownership then what's the difference between keys generated before vs keys generated after. If both keys are valid then both have then both are proof.
- grumple 4y agoPrivate keys are not proof of ownership, they are a technical implementation detail. That crypto has been poorly designed so that keys are all people have to prove ownership is a failure of design but doesn't fundamentally change the divisibility of ownership and access. This is easily observed with a shared wallet, for example coinbase's. If an employee stole their keys, I assure you that employee would enjoy a jail yard view for the next lifetime.
- postalrat 4y agoIn the case of bitcoin I wouldn't be copying keys. The key I generate will almost certainly be different than all the other known keys.
- billpg 4y agoIf you discovered a significant shortcut to hashing and then went back to block 1 and re-mined every block until your branch was the one with the most proof-of-work, I'd have a hard time trying to claim that your branch wasn't the legitimate one, according to Bitcoin's own rules. I suspect in this hypothetical scenario, however, the bitcoin developers would write a new rule.